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Today I thought I’d share some tips for people looking to get into Serviced Accommodation and the key partnerships they need to make the business a success.

In the last 2 years we have expanded from 1 SA to 18 SAs (mix of owned and R2R) and we couldn’t have done this without these top 5 partnerships.

Landlords/agents - easy to expand and grow when you have landlords & agents on board. However, don’t try and force a deal that doesn’t feel right, you especially don’t want to be stuck with a difficult landlord for 3 years!

Fusion furniture - simple to use, quick to install, has created a set standard across all of our SAs. I know some people might say you could source individually yourself for cheaper, but for us to expand at the rate we have, it is all about leverage and getting each property set up quickly after we take on the keys. Fusion Furniture have been invaluable and we are happy to pay the premium for their excellent service. Contact james@fusionfurnituresolutions.co.uk

Landlord Smart - again they have been very simple to use and not just because they are good friends of ours, they have enabled us to get quick finance in place (sometimes 2 per month) for our furniture, saving us capital to be able to move on to the next deal quickly. We also love the added benefit of using Landlord Smart - being able to give back as part of the Buy1Give1 initiative. Contact traceywoods@landlordsmart.co.uk

A Cleaning company - do not underestimate finding a good, reliable cleaning company. We went through about 5 in the first few months and can now finally say we have found a fantastic company willing to grow and expand with us. Having detailed processes in place and not ‘making do’ with companies providing below your expected standard service is a must. Also have in place back-ups and triple back-ups!

And above all a great Property Manager – our amazing Property Manager has and continues to manage the growth and day-to-day running of all SAs, allowing me to focus on strategy, direction and team KPIs (and our other businesses).

I hope that this helps. If you are looking to get trained in running a Serviced Accommodation (SA) business or just looking for your properties to be managed as SAs, feel free to get in touch.